Breaking News

Oil bearing communities propose 50% derivation

By Emma Amaize
WARRI—HOST Oil and Gas Producing Communities of Nigeria (HOSTCON), Delta State, weekend asked for  an increase to 50 per cent derivation from the current 13 per cent, with 20 per cent paid directly to the oil-bearing communities and 30 per cent to the state government.

In a communiqué signed by the Chairman, Bernard Iwetan and Secretary,  Dr. Peter Ogedegbe,  the oil communities frowned at the continued retention of the Minister of Petroleum, Dr. Rilwanu Lukman, saying he had a hidden agenda, which has become manifest with his proposed Petroleum Industry Bill to the National Assembly.

According to the group, “the recent personnel changes and retirement scenario of NNPC were structured against the region. We know that the petroleum minister is working fast towards extinction of the already fragile Nigeria ”.

HOSTCON called on the Federal Government to facilitate and establish the Gas Commission, pending approval by the National Assembly, arguing that it would create more employment opportunities to the idle youths in the Niger Delta.

On the grant of amnesty to militants, it observed:   “With all the heinous crimes committed against the people of  the Niger Delta by the Federal Government, it is the  Federal Government that will have to first accept amnesty offer from the people of the Niger Delta to enable HOSTCON adequately compensated.”


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.